Starling Bank first mobile-only with business accounts
Written by Mark Evans
Starling Bank has entered the business market, becoming the first fully licensed mobile-only bank to launch business accounts for small businesses and entrepreneurs in the UK. Using the app small business owners can open an account in less than 10 minutes, direct from their smart phone.
As well as the normal features of an account, and simple international payments, the account offers tools to help manage finance. More interestingly in some ways is the fact that Starling will be offering third--party accounting and invoicing platforms, via its in-app Marketplace.
Starling also recently also announced their intention to launch a merchant acquiring solution which will allow businesses to accept card payments directly into their Starling account, further enhancing the selection of services available to businesses.